Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Parker-Hannifin Corp., consolidated balance sheet: assets (quarterly data)

US$ in thousands

	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016
Cash and cash equivalents	756,055)	502,307)	535,799)	467,711)	449,481)	478,582)	733,117)	489,600)	564,734)	742,394)	685,514)	697,617)	948,355)	3,627,393)	3,219,767)	1,098,729)	1,047,385)	952,122)	822,137)	1,089,529)	1,024,770)	874,766)	884,886)	819,563)	1,520,736)	1,393,850)
Marketable securities and other investments	21,611)	19,504)	27,862)	38,561)	40,511)	40,160)	39,116)	40,270)	43,314)	33,463)	70,805)	92,536)	145,120)	282,102)	150,931)	70,190)	30,956)	40,787)	32,995)	101,206)	107,976)	99,792)	39,318)	36,758)	684,299)	746,708)
Trade accounts receivable, net	2,578,045)	2,649,166)	2,341,504)	2,357,244)	2,041,953)	2,109,648)	2,183,594)	2,118,437)	1,816,731)	1,860,324)	1,854,398)	2,174,425)	1,973,187)	1,983,242)	2,131,054)	2,117,103)	1,938,709)	2,065,158)	2,145,517)	2,146,408)	1,857,282)	1,922,288)	1,930,751)	1,869,303)	1,411,074)	1,498,384)
Non-trade and notes receivable	371,474)	374,177)	543,757)	327,186)	314,897)	315,571)	326,315)	309,568)	312,590)	273,991)	244,870)	322,187)	319,126)	288,762)	310,708)	317,412)	324,254)	312,162)	328,399)	328,111)	313,221)	266,421)	254,987)	235,924)	256,545)	250,520)
Inventories	3,095,722)	3,130,182)	2,214,553)	2,330,242)	2,307,306)	2,264,725)	2,090,642)	1,898,159)	1,870,948)	1,795,779)	1,814,631)	2,011,367)	2,014,260)	1,790,044)	1,678,132)	1,755,991)	1,804,564)	1,762,640)	1,621,304)	1,732,759)	1,780,262)	1,707,001)	1,549,494)	1,538,644)	1,241,593)	1,247,972)
Prepaid expenses and other	462,093)	492,491)	6,383,169)	2,708,750)	2,753,501)	422,588)	243,966)	193,019)	191,362)	163,533)	214,986)	183,294)	261,103)	166,536)	182,494)	178,366)	188,868)	165,213)	134,886)	165,083)	202,848)	134,350)	120,282)	118,962)	133,592)	144,444)
Current assets	7,285,000)	7,167,827)	12,046,644)	8,229,694)	7,907,649)	5,631,274)	5,616,750)	5,049,053)	4,799,679)	4,869,484)	4,885,204)	5,481,426)	5,661,151)	8,138,079)	7,673,086)	5,537,791)	5,334,736)	5,298,082)	5,085,238)	5,563,096)	5,286,359)	5,004,618)	4,779,718)	4,619,154)	5,247,839)	5,281,878)
Property, plant and equipment	6,730,223)	6,488,563)	5,897,955)	6,019,745)	6,019,552)	6,019,237)	6,040,220)	5,989,920)	6,026,680)	5,902,279)	5,810,681)	5,749,736)	5,817,798)	5,270,756)	5,186,730)	5,188,958)	5,192,144)	5,207,867)	5,215,253)	5,363,208)	5,300,983)	5,292,651)	5,186,748)	5,130,954)	4,653,676)	4,761,786)
Accumulated depreciation	(3,890,699)	(3,734,956)	(3,775,197)	(3,845,508)	(3,816,620)	(3,795,703)	(3,773,744)	(3,740,798)	(3,724,538)	(3,609,399)	(3,517,946)	(3,452,746)	(3,481,858)	(3,390,599)	(3,418,443)	(3,409,066)	(3,398,339)	(3,379,833)	(3,359,016)	(3,421,409)	(3,363,909)	(3,329,805)	(3,249,456)	(3,185,215)	(3,147,475)	(3,198,853)
Property, plant and equipment, net	2,839,524)	2,753,607)	2,122,758)	2,174,237)	2,202,932)	2,223,534)	2,266,476)	2,249,122)	2,302,142)	2,292,880)	2,292,735)	2,296,990)	2,335,940)	1,880,157)	1,768,287)	1,779,892)	1,793,805)	1,828,034)	1,856,237)	1,941,799)	1,937,074)	1,962,846)	1,937,292)	1,945,739)	1,506,201)	1,562,933)
Deferred income taxes	133,348)	125,604)	110,585)	144,506)	146,567)	145,972)	104,251)	125,382)	134,325)	129,751)	126,839)	124,515)	114,032)	145,476)	150,462)	96,463)	98,779)	99,886)	57,623)	36,935)	36,668)	35,194)	36,057)	65,152)	482,136)	495,708)
Investments and other assets	1,206,194)	1,135,728)	788,057)	787,986)	794,814)	800,211)	774,239)	791,221)	795,073)	778,591)	764,563)	750,743)	941,588)	892,508)	747,773)	769,391)	733,987)	757,795)	801,049)	814,637)	832,269)	834,085)	842,475)	848,212)	832,507)	817,691)
Intangible assets, net	8,387,917)	8,388,011)	3,135,817)	3,254,062)	3,343,612)	3,426,540)	3,519,797)	3,595,182)	3,695,194)	3,743,314)	3,798,913)	3,881,827)	4,036,108)	2,693,756)	1,783,277)	1,834,433)	1,883,825)	1,956,101)	2,015,520)	2,134,659)	2,174,104)	2,215,297)	2,307,484)	2,338,364)	849,692)	901,939)
Goodwill	10,668,904)	10,384,130)	7,740,082)	7,954,835)	7,999,901)	8,009,340)	8,059,687)	8,031,586)	8,101,016)	7,971,897)	7,869,935)	7,829,779)	7,955,170)	5,818,613)	5,453,805)	5,459,965)	5,462,555)	5,485,144)	5,504,420)	5,746,358)	5,698,707)	5,679,239)	5,586,878)	5,508,712)	2,813,238)	2,910,765)
Noncurrent assets	23,235,887)	22,787,080)	13,897,299)	14,315,626)	14,487,826)	14,605,597)	14,724,450)	14,792,493)	15,027,750)	14,916,433)	14,852,985)	14,883,854)	15,382,838)	11,430,510)	9,903,604)	9,940,144)	9,972,951)	10,126,960)	10,234,849)	10,674,388)	10,678,822)	10,726,661)	10,710,186)	10,706,179)	6,483,774)	6,689,036)
Total assets	30,520,887)	29,954,907)	25,943,943)	22,545,320)	22,395,475)	20,236,871)	20,341,200)	19,841,546)	19,827,429)	19,785,917)	19,738,189)	20,365,280)	21,043,989)	19,568,589)	17,576,690)	15,477,935)	15,307,687)	15,425,042)	15,320,087)	16,237,484)	15,965,181)	15,731,279)	15,489,904)	15,325,333)	11,731,613)	11,970,914)

Cash and Cash Equivalents: The cash and cash equivalents balance exhibited volatility throughout the periods analyzed. Initially, there was a decline from September 2016 to March 2017, followed by fluctuations with a notable peak in June 2019. Subsequently, balances decreased significantly through 2020 but showed some recovery towards the end of 2022, indicating variable liquidity management or operational cash flow variations.
Marketable Securities and Other Investments: This category demonstrated considerable fluctuations over time, with an overall decreasing trend after an early peak in 2016, reaching low points around 2020. Some minor recoveries were seen in late 2021 and 2022; however, values remained below earlier levels, suggesting a potential reduction in short-term investment holdings or shifts in investment strategy.
Trade Accounts Receivable, Net: The trade accounts receivable showed general growth from late 2016 through 2018, followed by some downward adjustments in 2020, likely influenced by market conditions and sales performance during the pandemic. There was a subsequent increase through 2022, peaking at over 2.6 billion USD, indicative of increased credit sales or extended customer payment terms in the most recent periods.
Non-trade and Notes Receivable: The non-trade and notes receivable line presented fluctuations with peaks in late 2017 and stable amounts through 2018 and 2019. Notably, in September 2022, there was a marked increase followed by a slight decrease towards the year-end. This irregular pattern could be attributed to one-off transactions or changes in financing arrangements.
Inventories: Inventories generally increased over the period with some volatility. There was a pronounced rise from 2019 to 2022, culminating in inventory values exceeding 3 billion USD in September 2022. This upward trend suggests the buildup of stock, potentially driven by expectations of increased demand or supply chain strategies.
Prepaid Expenses and Other: This account showed substantial variability, with relatively moderate balances through 2019, then an extraordinary surge in late 2021 reaching over 6 billion USD before declining in 2022. This sharp spike may reflect timing of payments, accounting changes, or significant prepayments impacting working capital.
Current Assets: Current assets stayed mostly stable with increases ups and downs throughout the periods, notably peaking at over 12 billion USD in late 2021, largely influenced by prepaid expenses. This suggests fluctuations in short-term resource availability closely linked to management of liquidity and working capital components.
Property, Plant, and Equipment (Gross and Net): Gross property, plant, and equipment improved moderately from 2016 through 2022, indicating ongoing investment in fixed assets. Net PPE, after accumulated depreciation adjustments, peaked around 2019 and then slightly declined but showed renewed growth by 2022. Overall, this reflects sustained capital expenditure supporting operational capacity.
Accumulated Depreciation: Accumulated depreciation consistently increased in magnitude over the years, denoting systematic asset amortization. However, slight decreases at certain points suggest disposals or asset revaluations displaying normal asset lifecycle accounting.
Deferred Income Taxes: This account fluctuated without a clear directional trend, generally maintaining around 100,000 to 150,000 USD. Peaks and troughs could be reflective of taxable income timing differences or changes in tax planning policies.
Investments and Other Assets: Investments and other assets showed modest fluctuations while generally increasing over the time span. The steady growth toward over 1.2 billion USD by late 2022 suggests accumulation or revaluation of non-current investments and asset diversification.
Intangible Assets, Net: Intangible assets underwent significant growth, notably increasing sharply from early 2019 onwards, reaching over 8.3 billion USD by the end of 2022. This substantial rise indicates intensive acquisition activity, possibly through goodwill or intellectual property investments, reflecting strategy-focused intangible asset expansion.
Goodwill: Goodwill expanded greatly between 2016 and 2019, climbing from approximately 2.9 billion USD to nearly 8 billion USD, and further increasing thereafter. This aligns with acquisition-related accounting entries and signifies aggressive growth through mergers or business combinations over the period.
Noncurrent Assets: The noncurrent assets category followed the trend of intangible assets and goodwill, showing exponential growth particularly after 2019, nearly doubling from about 15 billion USD in 2019 to over 23 billion USD by end 2022. This growth underscores major investments or acquisitions reflected in long-term asset composition.
Total Assets: Total assets steadily increased from approximately 11.9 billion USD in late 2016 to over 30.5 billion USD by the end of 2022. The significant asset base expansion appears driven by noncurrent asset growth, particularly goodwill and intangible assets, indicating a strategic emphasis on long-term value creation via acquisitions and capital investments.

Parker-Hannifin Corp. (NYSE:PH)

Balance Sheet: Assets
Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Parker-Hannifin Corp. (NYSE:PH)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data